Buyer's Brief: Reducing Risk And A Shift To Local Production
Could COVID-19 act as a catalyst for fundamental changes to food supply chains? Nick Peksa investigates. This article first appeared in ESM Issue 5 2020.
Virtually all quotations for globally traded foodstuffs were in decline at the beginning of this year, and COVID-19 has since given further impetus to this downward trend. Europe has seen a sharp economic downturn, with GDP expected to fall by 6.9% across the region, on average.
Stretching the supply chain across the world has proven to be challenging during COVID-19, as disruptions in the supply of raw materials and finished products has led to availability issues.
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